MGP Ingredients Receives $30 Consensus Price Target

Analysts give the company a 'Hold' rating on average

Mar. 22, 2026 at 5:24am

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Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have received an average rating of 'Hold' from the seven analysts covering the stock, with a consensus 12-month price target of $30. The company, a leading producer of distilled spirits and specialty ingredient solutions, has received a mix of ratings from analysts, including two 'Sell' recommendations, one 'Hold', and four 'Buy' recommendations.

Why it matters

The analyst ratings and price target provide insight into how the financial community views MGP Ingredients' business performance and future prospects. This information can help investors make more informed decisions about the company's stock.

The details

The analysts' ratings and price targets for MGP Ingredients are based on the company's recent financial results and outlook. In its most recent quarter, MGP reported earnings per share of $0.63, exceeding the consensus estimate of $0.49. However, the company also reported a 23.5% year-over-year decline in revenue, which led to a negative net margin of 19.82%. The analysts' mixed ratings and $30 price target suggest they see both opportunities and challenges for the company going forward.

  • MGP Ingredients last reported earnings on February 25, 2026.
  • The company's next quarterly dividend of $0.12 per share is scheduled to be paid on March 27, 2026.

The players

MGP Ingredients, Inc.

A leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries, headquartered in Atchison, Kansas.

Benchmark

An investment research firm that initiated coverage on MGP Ingredients with a 'Buy' rating and $35 price target.

Wells Fargo & Company

A financial services company that reduced its price target on MGP Ingredients from $29 to $24 and maintained an 'Overweight' rating.

Zacks Research

A research firm that downgraded MGP Ingredients from a 'Hold' rating to a 'Strong Sell' rating.

Roth Mkm

An investment firm that lowered its price target on MGP Ingredients from $41 to $32 and maintained a 'Buy' rating.

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